Seems like a clear bull flag is in play.
Just had a fake put up with an immediate pullback to shake a few weak hands out.
Now building up and out of the flag/ upper trend line.
Fib extension target: golden pocket (.618). Could extend further to 1.0.
Just had a fake put up with an immediate pullback to shake a few weak hands out.
Now building up and out of the flag/ upper trend line.
Fib extension target: golden pocket (.618). Could extend further to 1.0.
Note
Flag has formed into more of a downward channel now….new idea shared!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.